live Oil prices fall as Iran vows retaliation over U.S. sanctions
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concer...
Afghanistan is stepping up efforts to become a key transit hub between Central and South Asia, as new infrastructure projects with Kyrgyzstan, Turkmenistan and Uzbekistan move forward.
On Tuesday, the Ministry of Transport and Civil Aviation confirmed that Minister Mullah Hamidullah Akhundzada met Kyrgyz Ambassador to Kabul, Turdakun Sydykov, to discuss expanded cooperation in air and land transport. According to the ministry, both sides emphasised the need for stronger transit connectivity between Kabul and Bishkek.
No concrete projects have been announced yet, but officials signalled readiness for collaboration in civil aviation and cargo movement.
In Herat province, Turkmenistan’s Executive Director of the Joint Stock Railway Companies, Qurbanov Sardar, met with Governor Noor Ahmad Islam Jar to discuss the expansion of Torghundi Port, a strategic crossing point on the Afghan-Turkmen border. According to a statement from the Herat governor’s office, construction of warehouses at the site is expected to begin soon, with Afghan labourers leading the first phase. The governor added that Turkmen specialists will receive visa support as needed.
In a separate development, Uzbekistan’s President Shavkat Mirziyoyev told a United Nations conference that his country supports accelerating the Uzbekistan-Afghanistan-Pakistan railway project. He said the initiative will help create “a new commercial and economic space” and foster long-term connectivity across the region.
According to the Asian Development Bank (ADB), transit improvements in Afghanistan could reduce regional trade costs by more than 30%, but only if stability and cross-border cooperation continue.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Canada has announced nearly $20 billion in retaliatory tariffs on U.S. goods and billions in support for workers and businesses, escalating its trade dispute with Washington after President Donald Trump's latest duties took effect.
Pakistani exporters are facing soaring shipping costs to the U.S., with freight rates more than tripling on some routes as the Iran-U.S. conflict drives up war-risk insurance and fuel costs.
The trial of a Libyan man accused of building the bomb that destroyed Pan Am Flight 103 over the Scottish town of Lockerbie in 1988, killing 270 people, has been postponed by a U.S. federal judge.
France and Saudi Arabia have agreed on plans for a $7 billion manga-themed amusement complex near Paris, inspired by the hugely popular Japanese franchise Dragon Ball Z.
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